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PaceAdvantage
06-23-2005, 01:34 AM
Pataki Proposal Would Speed Up NYRA Bidding Process (http://news.bloodhorse.com/viewstory.asp?id=28729)
The bidding process for the three-track franchise held by the New York Racing Association would be sharply accelerated and NYRA would come under new oversight by the state government under measures being pushed by Gov. George Pataki. Blood-Horse (http://news.bloodhorse.com/viewstory.asp?id=28729)

In the final hours of the New York legislature's 2005 session, a whole series of racing bills are being debated behind closed doors at the state Capitol, including a Pataki proposal to move to July 1 from Dec. 1 the date for the appointment of a nine-member panel charged with beginning the NYRA franchise bidding process.


Word of the possible deals came Wednesday as Pataki sharply lashed out at NYRA's operations, and said he is looking for "significant additional oversight of NYRA.'' Asked if he envisioned NYRA continuing its franchise to run Aqueduct, Belmont and Saratoga racetracks, Pataki said, "Not as its currently operating.''

"Obviously, I'm as distressed as everyone else by the failure of NYRA to repeatedly respond to audits or judicial requirements to take certain actions,'' Pataki said. He noted that, despite perceptions, New York state does not control NYRA. "If we did, it would be operating very differently,'' he said. The governor earlier this year proposed for the second year in a row the creation of a state entity that would have broad powers to oversee the operations of NYRA. Coupled with it would be the elimination of the Thoroughbred Capital Investment Fund. The new entity could even step in and take over NYRA's operations if for some reason NYRA did not complete its franchise terms.

Just what NY racing needs...more state oversight and control!!!

The funniest part of this ENTIRE JOKE, is that, despite ALL the criticism being lobbed NYRA's way by the turds in Albany, NOT A SINGLE one of these bastards has criticized the racing product. And yet, they want to get rid of NYRA SO very badly. I wonder why?

NYRA is in the business of running a racetrack....not one critic has criticized the racing product put out day in and day out, but they are falling all over themselves to replace NYRA ASAP....

I don't see groups of owners or trainers banding together to criticize NYRA either....only the aholes in Albany maneuvering in the best way possible to reward their cronies with slot money.

It's a f'n joke. A sad joke...but a joke nonetheless....

OK NYRA bashers, I guess it's time to let loose on me in this thread...try and work in a dig at D. Wayne Lukas if at all possible as well, that's always welcome....

KingChas
06-23-2005, 01:42 AM
The bidding process for the three-track franchise held by the New York Racing Association would be sharply accelerated and NYRA would come under new oversight by the state government under measures being pushed by Gov. George Pataki.

PA not meaning to be naive,but does this mean anyone with $$$$$$$ ?Ala Frankie S.?

PaceAdvantage
06-23-2005, 03:12 PM
It doesn't sound to me like Frank S. can afford it right now...although he did get a favorable ruling recently regarding slots in Florida, so maybe he can scrape up some cash off of that....

karlskorner
06-23-2005, 04:42 PM
I don't think any of us can comprehend a billionaire, one thousand millions, and he is worth 10 fold if not more, his recent set backs are just pocket change. The recent slots approval by a local judge in Broward County are far from a done deal, it's being rushed to appeal. George W's little brother Jeb, ( THE GOV. ) is fighting it tooth and nail.

PaceAdvantage
06-23-2005, 04:45 PM
He may be a billionaire, but he's running a publicly traded company that's losing lots of money.

Bobby
06-23-2005, 04:56 PM
I read somewhere that the CD might sell Hollywood is to pad their cash reserves to bid for NYRA.

If the bidding goes to the highest bidder (which is kinda questionable sometimes with the all the "families" involved), then I say CDI wins.

fouroneone
06-23-2005, 05:03 PM
Uggggh........

Churchill downs with its ugly on screen graphics running the NYRA Simulcast signal and circuit????

Does that mean 8 dollar grandstand admission as well?

Observer
06-23-2005, 05:05 PM
Interesting that Bay Meadows has emerged as a candidate to obtain Hollywood Park.

Bay Meadows Bids for Hollywood (http://www.bloodhorse.com/articleindex/article.asp?id=28703)

PaceAdvantage
06-23-2005, 07:03 PM
Is BM doing that well that they can go and buy Hollywood Park? A very intereting turn of events.

And Bobby may have hit the nail on the head regarding Churchill Downs selling Hollywood and buying NYRA....

I see Churchill as the clear leader in the bidding for NYRA -- UNLESS -- Stronach and State Senator Joe Bruno's son (who works for Stronach as a lobbyist in NY for Magna) have wormed their way so deep into the muck that is NY politics, that it's already a done deal, and Magna gets it no matter if the Sun and the Moon have to be mortgaged off to make ends meet....

Skanoochies
06-23-2005, 07:47 PM
Karlscorner, imagine a billionaire from Brittain, over there its a million million. :D

Dr. Carter
06-23-2005, 09:30 PM
Does anyone think that the state itself hasn't thought about taking over and making the "new"NYRA a real live state agency?

karlskorner
06-23-2005, 09:37 PM
I repeat none of us can comprehend the word Billionaire, his company may be losing lots of money in our minds, to him and his company, pocket change. My first contact with the word Billionaire was "Daddy Warbucks" from the comic strip Little Orphan Annie. What a great word BILLIONAIRE.

GeTydOn
06-23-2005, 09:37 PM
No, of course not. Now why would the state want to do that??
:rolleyes:

Dr. Carter
06-23-2005, 10:01 PM
Think of all the political patronage jobs that would be available? Whenever there was a budget crisis, just take money from NYbred purses. The possibilities are endless.

Tom
06-23-2005, 10:27 PM
Pataki is a political hack who is as incompetant as the day is long. He is a total ffailrue as a goveneor and now he is branching our to share is ineptitude with racing. His state is a disgrace and he continues to do nothing about it.

The only way he could drive more businesses out of NY faster could be to make the Thruway free.

bdhsheets
06-24-2005, 01:17 AM
Neither of them will emerge the winner.

The last "gambling frontier" remaining is racinos with Frank/Magna getting the jump on everyone and not many worthwhile properties left on the table. The big kahuna is NYRA.

Look for MGM/Mirage [unbelievable casino mergers the last few months] to emerge the victor. They have the cash [at least access to cash] that Albany won't be able to refuse. Recently they've been granted the franchise to run the video slots at Aqu that will generate billions and what better way to insure the gravy train long term than owning the franchise itself? They'll eventually push for expansion at Belmont/Saratoga which will happen, after presenting a sparkling record with Aqu. MGM in turn will hire CDI or Magna to run the true horseracing end of the business.

bdhsheets
06-24-2005, 01:33 AM
Frank leases BM and makes a profit.

Stockbridge Capital Partners, a real estate spinoff of one of the financial brokerage firms, is the muscle behind the Holly buy. Offering $1,145,833 per acre is ridiculous. You're not gonna find any low income housing in this plot, :D

BillW
06-24-2005, 01:41 AM
Frank leases BM and makes a profit.


That relationship ended Jan. 01.

BIG RED
06-24-2005, 02:18 AM
KC, Hope not Frankie.

Karlscnr, I CAN fathom a billion.

Bobby, I'd rather see CDI instead of a state own it.

PA, Politics is always involved. I think our ex Gov is in his barn now ( ambassador to canada )

Skanooch, imagine one from Canada, millionaire here

Tom....?... How can a Gov be a hack, I thought he was the top of the herem in the state. After that he can make plenty of hacks :D

Just awake

plainolebill
06-24-2005, 06:00 AM
Maybe CDI can fix NY racing like they fixed Hollywood Park. Belmont Park as a Target Distribution Center?

Bobby
06-24-2005, 09:01 AM
Uggggh........

Churchill downs with its ugly on screen graphics running the NYRA Simulcast signal and circuit????

Does that mean 8 dollar grandstand admission as well?

yea, I hate that "TWIN SPIRES" logo. They gotta it for every track they own/manage. Its just boring looking to me.